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20121112
20121120
Search Results 0 to 23 of about 24 (some duplicates have been removed)
call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the group also expects the u.s. wille a neexport by 2030, meaning we'll sell more oil than we bring in. right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do beli
. the info technology sector was the hardest hit, down 0.8%, followed by financial and energy groups. now, after the closing bell, the focus was on cicso systems. the internet gear maker reported its quarterly results late today. and those results were two cents better than estimates. net sales were up from last year, too, and higher than expected. c-s-c-o has been undergoing a restructuring for the past year, managing uncertain demand for its telecommunications equipment's pinched profit margins. the stock was flat before tonight's earnings report. shares were up about 4% in extended hours trading. now, as erika reported earlier, home depot's strong third quarter earnings and optimistic tlookeallhelped drive buying interes today's 3.6% rally came on more than double its usual volume, and takes the stock to its highest price since 1999. but the buying interest did not extend to home depot's main rival, lowe's. lowe's shares were essentially unchanged even though volume was slightly heavier than average. home depot wasn't alone in reporting strong earnings. dick's sporting goods boosted fu
energy prices. without food and energy, core inflation was up two tenths of a percent. on wall street, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the enomys faring, it pays to keep an eye on walmart. after all, it has over 10,000 stores across the globe, selling more than $1 billion worth of stuff every day. it earned $1.08 per share in the third quarter, a penny more than estimates, and up 11% from last year. but revenues were a little shy of forecast, and walmart's outlook for this quarter was less than anticipated. compare that to rival target's quarterly earnings-- four cents better than expectations at 81 cents a share and a holiday outlook that didn't disappoint. erika miller reports on what the results say about all-important the holiday season. >> reporter: $3.6 billion. that almost unthinkable number is what walmart earned in the third quarter alone. it works out to about $40 million in profits a day. to wall street analysts, it's proof the company's turnaround strategy is working. >> what walmart does so wel
are injured after an explosion today on a black elk energy oil and gas platform, according to the u.s. coast guard. a fire started when sparks from a torch hit a storage tank on the platform. the platform is located in shallow water about 25 miles off the coast of grand isle louisiana. the houston-based company says about 16 barrels of oil leaked and that it was not producing oil or gas when the fire started. last month black elk announce plans to start drilling about 20 new wells in the gulf of mexico. >> susie: j.p. morgan and credit suisse will pay more than $400 million combined to settle claims stemming from mortgage bonds gone bad. the securities and exchange commission accused the two of mis-leading investors in bonds backed by home mortgages. j.p. morgan will pay $297 million. credit suisse's fine is $120 million. neither bank admits nor denies the claims. most of the allegations centered around the banks keeping cash they were paid by mortgage originators when loans went bad, instead of passing those payments along to investors in the mortgages. >> tom: it was the best single day fo
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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